TOKYO, Jun 18 (Pulse News Wire) – Liberta CO.,LTD. (4935.T) announced today that it has extended its financial covenant agreement with Resona Bank until June 30, 2027.
The agreement, originally signed on August 28, 2024, ensures stable funding for future business expansion and maintains the company's financial stability through a commitment line facility without collateral. Under the renewed contract, the borrowing limit remains at ¥500 million.
The agreement includes financial covenants requiring the company to maintain its consolidated net assets at least 75% higher than the previous year-end figure and ensure operating profit does not turn into a loss during each reporting period. "We believe the impact on our consolidated performance will be minor," stated Shuza Nida, Executive Director of Liberta CO.,LTD.
"We will promptly inform stakeholders of any significant developments related to this extension." The extension supports the company’s strategic growth plans while safeguarding its financial health.
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